Fidelity National Information Services (FIS) Wolfe FinTech Forum summary

Strategic transformation and focus

• Achieved operational and commercial excellence, exceeding banking revenue expectations for 2025 and guiding strong growth into 2026.

• Executed transformative acquisitions and divestitures, including selling Worldpay and acquiring Total Issuing, sharpening focus on financial services.

• Singular focus on serving financial institutions, especially large banks, with a comprehensive suite of products including new credit card processing capabilities.

• Buy-build-partner strategy drives innovation, with recent acquisitions like Amount and Dragonfly enhancing digital and lending offerings.

• Partnership with Circle integrated into Money Movement Hub, enabling tokenized payments and future-proofing for evolving client needs.

Industry trends and growth opportunities

• Financial services sector is experiencing a generational growth moment, with regulatory rollbacks enabling organic and inorganic expansion.

• Banks are rapidly adopting AI to reduce operational costs and drive profitability, marking a shift from their traditional slow adoption of new technologies.

• Demand for digital capabilities, sophisticated payments, and commercial lending solutions is accelerating, with AI seen as a strategic accelerant.

• Compliance, KYC, and regulatory reporting remain critical, positioning core systems as essential for banks’ AI initiatives.

• Tokenization and digital assets are emerging topics, with banks requiring technology enablement for future use cases.

Financial performance and guidance

• 2026 revenue growth guided at 5–5.5%, with banking organic growth accelerating and capital markets recurring revenue outpacing non-recurring.

• Margin expansion targeted at 100 basis points, driven by cost programs, improved product mix, and recurring digital payments and lending sales.

• Free cash flow projected to rise 30% in 2026 to $2.1 billion, with a goal to exceed $3 billion by 2028 through EBITDA growth and reduced one-time costs.

• High visibility on cost savings and margin drivers, with no new dilutive M&A planned and conservative currency assumptions.

• Cross-sell opportunities from the Total Issuing acquisition, especially internationally with the Prime product, are expected to drive additional revenue synergies.